Introduction to Elastos (ELA) coin issuance price and quantity

Elastos (ELA) aims to establish a user-centric internet with a decentralized infrastructure where users hold complete autonomy over their digital assets.

Jan 10, 2025 at 12:24 am

Key Points

• Introduction to Elastos (ELA) and its ecosystem
• Elastos (ELA) coin issuance price and quantity
• Elastos (ELA) distribution and allocation
• Mining Elastos (ELA)
• Future prospects of Elastos (ELA)

Introduction to Elastos (ELA)

Elastos is a decentralized, open-source platform that aims to create a new internet where users have complete control over their data and digital assets. The platform is powered by the Elastos Smart Web (ESW), which is a blockchain-based operating system that provides a secure and efficient environment for developing and deploying decentralized applications (dApps).

The Elastos ecosystem includes a variety of products and services, such as the Elastos Carrier, which is a decentralized app store, the Elastos Hive, which is a decentralized file storage system, and the Elastos Wallet, which is a secure and easy-to-use cryptocurrency wallet.

Elastos (ELA) Coin Issuance Price and Quantity

The Elastos (ELA) coin is the native cryptocurrency of the Elastos platform. ELA is used to pay for transaction fees, to reward miners, and to vote on governance proposals.

The total supply of ELA is 33,000,000 coins. The ELA coin was issued in an initial coin offering (ICO) in 2017. The ICO price of ELA was $4.00 per coin.

Elastos (ELA) Distribution and Allocation

The ELA tokens are distributed as follows:

• 50% to the Elastos Foundation
• 20% to the Elastos team
• 20% to early investors
• 10% to the Elastos community

Mining Elastos (ELA)

ELA is mined using the Proof-of-Work (PoW) consensus algorithm. Miners use specialized hardware to solve complex mathematical problems in order to add new blocks to the blockchain. The first miner to solve a block is rewarded with ELA.

The block reward for mining ELA is currently 3.9 ELA. The block reward is halved every 4 years.

Future Prospects of Elastos (ELA)

Elastos is a promising project with a strong team and a solid roadmap. The platform has the potential to revolutionize the way we interact with the internet.

The future prospects of Elastos are bright. The platform is still in its early stages of development, but it has already made significant progress. Elastos is building a strong community of developers and users. The platform has the potential to create a new internet that is more secure, more private, and more decentralized.

FAQs

• What is Elastos (ELA)?

Elastos is a decentralized, open-source platform that aims to create a new internet where users have complete control over their data and digital assets.

• What is the Elastos (ELA) coin?

The Elastos (ELA) coin is the native cryptocurrency of the Elastos platform. ELA is used to pay for transaction fees, to reward miners, and to vote on governance proposals.

• What is the issuance price and quantity of Elastos (ELA)?

The Elastos (ELA) coin was issued in an initial coin offering (ICO) in 2017. The ICO price of ELA was $4.00 per coin. The total supply of ELA is 33,000,000 coins.

• How is Elastos (ELA) distributed and allocated?

The ELA tokens are distributed as follows:

• 50% to the Elastos Foundation
• 20% to the Elastos team
• 20% to early investors
• 10% to the Elastos community
• How is Elastos (ELA) mined?

ELA is mined using the Proof-of-Work (PoW) consensus algorithm. Miners use specialized hardware to solve complex mathematical problems in order to add new blocks to the blockchain. The first miner to solve a block is rewarded with ELA.

• What are the future prospects of Elastos (ELA)?

The future prospects of Elastos are bright. The platform is still in its early stages of development, but it has already made significant progress. Elastos is building a strong community of developers and users. The platform has the potential to create a new internet that is more secure, more private, and more decentralized.